Which one of the following statements best describes the term 'Social Cost of Carbon'? It is a measure, in monetary value, of the
A.efforts put in by a climate refugee to adapt to live in a new place
B.long-term damage done by a tonne of CO2 emissions in a given year✓ Correct
C.contribution of an individual person to the carbon footprint on the planet Earth
D.requirement of fossil fuels for a country to provide goods and services to its citizens
Explanation
Social Cost of Carbon (SCC) is the estimated economic damages associated with a one-tonne increase in CO2 emissions in a given year, capturing long-term climate damages.
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